Volato Closes $500M Aligned Merger, With Aligned Holders Set To Own 95% Of Volato On A Fully Diluted Basis; Establishes Series A/A-1 Convertible Preferred Stock As Merger Consideration, Convertible Into Common Shares At $0.1537 Per Share
To the extent required, the information set forth under the heading "Merger Agreement Amendment" in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.01. As consideration
Volato finished buying a company called Aligned. After the deal, Aligned's owners will own almost all of Volato. They got special stock that can turn into regular shares later.
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